Posts Tagged ‘Loan Balance’

How Do I Know If I Should Refinance?

{ Posted on Dec 15 2011 by Real-Estate:Mortgage-Refinance Articles from EzineArticles.com }
The question we have been asked most often since beginning to write mortgages has been, How Do I Know When It's Time to Refinance? The old, conventional wisdom said that it should be done when rates go down 2% lower ...Read More »

Will M&I Bank Settle on a Land Loan Balance?

{ Posted on Mar 13 2011 by Kelli Grant }
We purchased a 5 acre parcel of raw land in Arizona in 2004 for $157,000, mortgaged with M&I Bank. We have since paid about $100,000 in principle &... Read More »

Loan Modification Program for Underwater Homeowners in California – $2 Billion Paid By The State

{ Posted on Feb 10 2011 by Real-Estate:Mortgage-Refinance Articles from EzineArticles.com }
California homeowners may benefit from a State program that will fend off foreclosure for 95,000 homeowners. The $2 billion plan includes lowering the loan balance for underwater borrowers with a loan modification plan. Read More »

Mortgage: Foreclosures More Profitable Than Loan Modifications

{ Posted on Jan 13 2011 by Real-Estate:Mortgage-Refinance Articles from EzineArticles.com }
The United States Treasury Department since April 2010 has been paying companies $1500 for approving home sales for amounts less than the loan balance or what has become known as short sales. They also in some cases collect mortgage payments ...Read More »

Write A Letter To Get Your Short Sale Approved

{ Posted on Jan 05 2011 by Real-Estate:Mortgage-Refinance Articles from EzineArticles.com }
You can no longer afford your mortgage payment and you've decided to try to get out from under your house. The easiest thing would be to just let the bank go through its process and foreclose on your house. But ...Read More »